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Fortune
Fortune
Catherine McGrath

Bitcoin nears $100,000 as SEC chair Gary Gensler announces he will step down

(Credit: Jeenah Moon/Bloomberg—Getty Images)

Bitcoin keeps breaking records. Less than two weeks after the original cryptocurrency crossed the $80,000 mark for the first time, it has rocketed to just below $100,000 with many anticipating it could cross that mark this week.

The unprecedented run, which has extended to the broader crypto markets, comes in the wake of Donald Trump’s election victory, and widespread expectations that he and a Republican Congress will usher in an era of favorable regulation for digital assets. Since election night, the industry’s market cap has grown over $1 trillion. 

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